CBRE
NGKF Sells $80M Miami Office HQ
The 110,000 square feet of office space are currently leased to LNR Partners.
Lingerfelt CommonWealth Nabs SC Office Towers
The Richmond-based company purchased One Liberty Square and Two Liberty Square, a pair of office towers in downtown Greenville.
Economy Watch Weekly: Office Market to Face Challenges in 2017
The economy’s growing better now, but 2017 might be a softer year for the office market. Economy Editor Dees Stribling weighs in with what’s ahead next year for the real estate industry, for the week ending Dec. 23, 2016.
Queenan Moves Up the Ladder at CBRE
In his new role as president of CBRE Global Investors, the veteran executive will oversee the firm’s Americas, EMEA and Asia Pacific regions.
Executive of the Year Spotlight: Bob Sulentic
Nearing $11 billion in 2015, CBRE’s annual revenue has grown by nearly 70 percent since Sulentic became CEO in 2012.
Economy Watch: Strong Labor Market Could Impact Office Sector
By Dees Stribling, Contributing Editor The U.S. office market is set to face a “moderate slowdown” in 2017 because of a confluence of factors, mainly due to softer tenant demand and an increase in new supply, CBRE reported in its recent outlook for the U.S. real estate industry. “Firms are finding it increasingly difficult to find qualified workers, which is reflected in the low unemployment rate… and real wage growth.” Thus, the company predicted, next year will see a lower net gain in office-using jobs nationwide. CBRE calculates that a net of 273,400 office-using jobs will be created in ’17,…
NYC’s 441 Ninth Ave. Lands Two New Owners, Makeover
A partnership between Cove Property Group and Baupost Group paid $330 million for the 423,000-square-foot building.
Citigroup Nabs Class A Tampa Office Park
The asset is home to approximately 5,600 Citi employees, who serve in a variety of different functions, including client services, finance, human resources, and legal and risk services.
The Aspen Institute to Relocate DC Headquarters
The company will consolidate offices located on several floors at One Dupont Circle NW and 1333 New Hampshire Ave. NW.
C&W Negotiates $15M in Office Leases at 777 Brickell
The tower at 777 Brickell Ave. has earned the ENERGY STAR rating and is a two-time winner of BOMA’s The Office Building of the Year Award.
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